- "120 yen per dollar is acceptable," says Koichi Hamada, a key adviser to PM Shinzo Abe, clarifying remarks he made yesterday which suggested he thought the yen was too weak.
- He also says he wouldn't oppose further monetary ease by the BOJ later this month as inflation is far from a worry.
- Dollar/yen pops to ¥119.89 from ¥119.60 following his comments.
- ETFs: FXY, YCS, JYN, YCL